Podcast
Questions and Answers
What is the legal term used to describe a company's ability to act legally in its own name?
What is the legal term used to describe a company's ability to act legally in its own name?
- Separate legal personality (correct)
- Limited liability
- Shareholder protection
- Incorporation immunity
In which type of company do shareholders generally enjoy limited liability for the company's debts?
In which type of company do shareholders generally enjoy limited liability for the company's debts?
- Personal liability company
- Non-profit company
- Public company (correct)
- State-owned company
According to the Companies Act of 2008, when does a company become a juristic person?
According to the Companies Act of 2008, when does a company become a juristic person?
- When it opens branches or divisions
- When shareholders assume personal liability
- Upon distribution of profits
- After registration of incorporation (correct)
Which case established the principle of separate legal personality for companies?
Which case established the principle of separate legal personality for companies?
Which type of company's branches or divisions are considered part of the company itself without separate legal existence?
Which type of company's branches or divisions are considered part of the company itself without separate legal existence?
What did the court affirm in 'Salomon v Salomon' regarding the company's legal identity and shareholder liability?
What did the court affirm in 'Salomon v Salomon' regarding the company's legal identity and shareholder liability?
Which type of company prohibits the offering of shares to the public and restricts share transferability?
Which type of company prohibits the offering of shares to the public and restricts share transferability?
What type of company is a national business enterprise under the ownership and control of the national executive?
What type of company is a national business enterprise under the ownership and control of the national executive?
Which type of business entity enjoys juristic personality?
Which type of business entity enjoys juristic personality?
Which type of company is used by professional associations wanting to exploit the benefits of corporate personality?
Which type of company is used by professional associations wanting to exploit the benefits of corporate personality?
Which business entity is established in the form of a contract?
Which business entity is established in the form of a contract?
Which company has at least one objective related to public benefit or social activities?
Which company has at least one objective related to public benefit or social activities?
Under which legal framework is a private company regulated?
Under which legal framework is a private company regulated?
Which type of company is not a state-owned enterprise and is not a private or personal liability company?
Which type of company is not a state-owned enterprise and is not a private or personal liability company?
Which business entity type does not enjoy separate legal personality?
Which business entity type does not enjoy separate legal personality?
What is an external company?
What is an external company?
Under which law is a state-owned company regulated?
Under which law is a state-owned company regulated?
